Facebook (FB -4%) makes new lows after BMO and Stifel join BofA in cutting their targets. BMO,...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB -4%) makes new lows after BMO and Stifel join BofA in cutting their targets. BMO, reiterating an Underperform, says its media spending checks turned up two negatives for every positive, and that many ad execs used the word "pause" when discussing Facebook campaigns. The only Facebook underwriter to start coverage with a bearish stance, BMO now forecasts Q3 revenue of $1.2B, below a $1.24B consensus. (more from Facebook advertisers: I, II, III)